LD Cap definition
LD Cap means an amount equal to (a) $1,000,000, multiplied by (b) a fraction (i) the numerator of which is the initial total number of Warrant Shares in respect of which this Warrant may be exercised as of the Issuance Date, and (ii) the denominator of which is 20,000,000, in each case, as proportionately adjusted in accordance with the provisions of Section 2 hereof.
LD Cap means fifty percent (50%) of the License Fee.
LD Cap means the maximum amount of liquidated damages that Contractor can incur for an applicable LD Milestone.
Examples of LD Cap in a sentence
Contractor agrees that if the applicable LD Milestone is not achieved by the applicable LD Milestone Deadline, then Contractor shall pay liquidated damages to Owner in the amount of the applicable LD Amount/Day per day for each day (or portion thereof) by which the applicable LD Milestone is delayed beyond the applicable LD Milestone Deadline, up to a maximum of the applicable LD Milestone’s LD Cap.
More Definitions of LD Cap
LD Cap has the meaning given to it in Section 7.2(b).
LD Cap means the amount set out in item 22 of Schedule 1.
LD Cap means .